California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 20. MUNICIPAL WATER DISTRICTS |
Part 11. CHANGES IN ORGANIZATION OF IMPROVEMENT DISTRICTS |
Chapter 2. Dissolution of Improvement Districts |
Section 72736.
Latest version.
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The taxable property within the boundaries of the dissolved improvement district shall continue to be taxed for any indebtedness of the district contracted for such dissolved improvement district until the indebtedness has been satisfied, to the same extent that such property would be taxable for such purpose if the dissolution had not occurred.
(Added by Stats. 1963, Ch. 156.)